Flutter Entertainment (FLUT) Gross Margin (2023 - 2026)
Flutter Entertainment's (FLUT) quarterly Gross Margin came in at 42.68% in Q1 2026, down 395.0% YoY from 14.47% in Q1 2025, and down 4.18% on a QoQ basis from 44.54% in Q4 2025.
Flutter Entertainment (FLUT) Gross Margin (2023 - 2026) Analysis & Trends
Flutter Entertainment (FLUT) has 4 years of Gross Margin data on file, last reported at 42.68% in Q1 2026.
- Quarterly Gross Margin fell 395.0% year-over-year to 42.68% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 44.25% (down 330.0% YoY) and the FY2025 annual result came in at 45.19%, down 251.0% from the prior year.
- Gross Margin eased to 42.68% in Q1 2026, from 44.54% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 50.32% in Q2 2023 to a low of 42.68% in Q1 2026.
- A 4-year average of 46.43% and a median of 46.63% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin surged 200 bps — and 2026, when it sank 395 bps.
- Tracing FLUT's Gross Margin over 4 years: stood at 46.15% in 2023, then gained by 4 bps to 48.15% in 2024, then fell by 7 bps to 44.54% in 2025, then decreased by 4 bps to 42.68% in 2026.
- The last three Gross Margin figures came in at 42.68% (Q1 2026), 44.54% (Q4 2025), and 42.86% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.48 Bn | 15.91 Bn | 1.71 Bn | 39.60% |
| 2 | DraftKings | 12.42 Bn | 11.42 Bn | 551.45 Mn | 38.21% |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | - |
| 4 | Churchill Downs | 6.51 Bn | 6.31 Bn | 712.00 Mn | 72.65% |
| 5 | Rush Street Interactive | 2.83 Bn | 2.49 Bn | 139.66 Mn | 35.47% |
| 6 | Brightstar Lottery | 2.15 Bn | 877.09 Mn | 297.00 Mn | 50.60% |
| 7 | Accel Entertainment | 993.49 Mn | 738.04 Mn | 115.51 Mn | 31.38% |
| 8 | Codere Online Luxembourg | 416.60 Mn | 347.18 Mn | - | - |
| 9 | Inspired Entertainment | 170.71 Mn | 146.31 Mn | 52.10 Mn | 85.69% |
| 10 | Grandstand | 71.71 Mn | 62.91 Mn | 31.83 Mn | 84.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 39.60% |
| Mar 31, 2026 | 42.68% |
| Dec 31, 2025 | 44.54% |
| Sep 30, 2025 | 42.86% |
| Jun 30, 2025 | 46.79% |
| Mar 31, 2025 | 46.63% |
| Dec 31, 2024 | 48.15% |
| Sep 30, 2024 | 46.06% |
| Jun 30, 2024 | 49.18% |
| Mar 31, 2024 | 47.22% |
| Dec 31, 2023 | 46.15% |
| Sep 30, 2023 | 45.82% |
| Jun 30, 2023 | 50.32% |
| Mar 31, 2023 | 47.19% |